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Rusal Prices IPO at Premium

By

Amy Or

Updated Jan. 22, 2010 12:48 p.m. ET

HONG KONG -- Russian aluminum giant UC Rusal Ltd. has raised US$2.24 billion by pricing its Hong Kong and Paris dual initial public offering at a premium to its peers, people familiar with the situation said Friday.

Rusal sold 1.61 billion shares, or 11% of its enlarged share capital, the midpoint of an indicative price range of HK$10.80 each,...